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Celebrity real estate: Pamela Anderson selling Malibu, Calif., home

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Playboy Playmate and actress Pamela Anderson is selling the home she has occupied since the late 1990s. The  former “Baywatch” beauty is asking $7.75 million for the five-bedroom and three-bathroom,  2,700-square-foot home that she once shared with ex-husband Tommy Lee and their two children. The property is located just one block from the Pacific Ocean and features  polished wood floors and a white, beige and neutral color scheme throughout. Before putting the home up for sale, Anderson attempted to use it as rental property for $50,000 per month but things didn’t work out in her favor, forcing her to ultimately make the decision to sell.

See photos of Pamela’s modest Malibu pad here.

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